International Business Machines Corp (NYSE: IBM) is 36.33% higher on its value in year-to-date trading and has touched a low of $153.92 and a high of $237.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IBM stock was last observed hovering at around $222.40 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $222.97, the stock is 5.53% and 1.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.32 million and changing 0.26% at the moment leaves the stock 15.82% off its SMA200. IBM registered 43.73% gain for a year compared to 6-month gain of 30.48%. The firm has a 50-day simple moving average (SMA 50) of $219.4504 and a 200-day simple moving average (SMA200) of $192.5103.
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The stock witnessed a 2.10% loss in the last 1 month and extending the period to 3 months gives it a 12.62%, and is 8.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 1.88% over the month.
International Business Machines Corp (IBM) has around 305300 employees, a market worth around $206.70B and $62.58B in sales. Current P/E ratio is 32.45 and Fwd P/E is 20.78. Profit margin for the company is 10.22%. Distance from 52-week low is 44.86% and -6.07% from its 52-week high. The company has generated returns on investments over the last 12 months (7.98%).
with sales reaching $17.61B over the same period.The EPS is expected to grow by 6.12% this year, but quarterly earnings will post 1.57% year-over-year. Quarterly sales are estimated to grow 1.33% in year-over-year returns.
International Business Machines Corp (IBM) Top Institutional Holders
3597.0 institutions hold shares in International Business Machines Corp (IBM), with institutional investors hold 62.76% of the company’s shares. The shares outstanding are 924.64M, and float is at 923.77M with Short Float at 2.27%. Institutions hold 62.68% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 89.13 million shares valued at $15.42 billion. The investor’s holdings represent 9.7181% of the IBM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 75.37 million shares valued at $13.04 billion to account for 8.2174 of the shares outstanding. The other top investors are STATE STREET CORP which holds 54.47 million shares representing 5.9388% and valued at over $9.42 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2378 of the shares totaling 20.53 million with a market value of $3.54 billion.
International Business Machines Corp (IBM) Insider Activity
The most recent transaction is an insider purchase by ZOLLAR ALFRED W , the company’s Director. SEC filings show that ZOLLAR ALFRED W bought 936 shares of the company’s common stock on Nov 13 ’24 at a price of $210.62 per share for a total of $0.2 million. Following the purchase, the insider now owns 936.0 shares.
International Business Machines Corp disclosed in a document filed with the SEC on Nov 08 ’24 that LAMOREAUX NICKLE JACLYN (Senior Vice President) sold a total of 3,600 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $215.20 per share for $0.77 million. Following the transaction, the insider now directly holds 25390.0 shares of the IBM stock.
Still, SEC filings show that on Feb 01 ’24, BROWDY MICHELLE H (Senior Vice President) disposed off 9,800 shares at an average price of $184.85 for $1.81 million. The insider now directly holds 119,498 shares of International Business Machines Corp (IBM).
